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Find out about the prices of apartments in Istanbul 2022 / 2023

Posted by admin on March 28, 2022
Real Estate News
27 Comments

One of the things that open the appetite of foreigners to owning property in Turkey is the most “prices.” Apartments in Istanbul Which suits different types of financial budgets, where a foreigner can find cheap apartments for sale in Istanbul, the price of which reaches 50 thousand dollars, and at the same time, luxury apartments for sale in Istanbul value more than 1 million dollars.

Also, the discounts and discounts in the prices of apartments for sale in Istanbul reach large percentages, not to mention the periodic offers offered by construction companies in order to encourage those who are coming to own real estate in Turkey.

Article Contents:

  • A look at apartment prices in Istanbul 2022 / 2023
  • The criteria that control the prices of apartments in Istanbul
  • What is the truth about the rise in apartment prices in Istanbul 2022
  • Reasons for rising apartment prices in Istanbul 2022
  • Apartment price forecasts in Istanbul 2023

A look at apartment prices in Istanbul 2022 / 2023

Compared to the major real estate capitals in the world, the prices of apartments in Istanbul are relatively acceptable, especially in some of the new vital areas, if not low.

The following is a table that shows the lowest and highest price for a 100-square-meter property within residential complexes according to the areas required in the Istanbul real estate market 2022.

Area The price of the property is 100 m2
Avcilar Between 90 thousand and 150 thousand dollars
Esenyurt Between 30 thousand and 100 thousand dollars
Başakşehir 150 thousand to 290 thousand dollars
Beylikdüzü Between 80 thousand and 290 thousand dollars
Bakirkoy 190 thousand to 360 thousand dollars
Zeytinburnu 150 thousand to 350 thousand dollars
Fatih 100 thousand to 270 thousand dollars
Şişli 190 thousand to 600 thousand dollars
Besiktas 300 thousand to 700 thousand dollars
Kadiköy 195 thousand to 470 thousand dollars
escudar 200 thousand to 700 thousand dollars
Urban 160 thousand to 350 thousand dollars
Beykoz 160 thousand to 450 thousand dollars
Kartal 90 ألف إلى 170 ألف دولار

Note

It is true that in the above table we have presented the lowest and highest price for a property with an area of ​​100 square meters according to regions, but this does not mean that we cannot find less or higher than that according to the real estate criteria that we will mention in the next paragraph.

Continue reading the Europ Homes Real Estate article to the end!

The criteria that control the prices of apartments in Istanbul 2022 / 2023

Several criteria affect the prices of apartments in Istanbul 2022/2023 overlap, including:

  • Geographical location
  • Apartment Views
  • The floor of the apartment where the upper floors are more expensive than the lower floors
  • Apartment size and room distribution
  • Apartment specifications and the quality of the interior finishes
  • How close is the apartment to transportation?
  • How close is the apartment to vital centers?
  • Building exterior design
  • Independent apartment or within a residential complex
  • construction age
  • The reputation of the construction company that built the project
  • Apartment under construction or ready

What is the truth about the rise in apartment prices in Istanbul 2022

Indeed, real estate prices in Turkey, especially apartments for sale in Istanbul, have increased significantly since the end of 2021 and early 2022 and are continuing to rise as prices are updated weekly in various real estate projects.

There are many reasons for the rise in real estate prices in Turkey, where an apartment that was worth in mid-2021, about 90 thousand dollars in Avcilar, to name a few, has become today at least 130 thousand dollars.

The continuous rise in apartment prices in Turkey indicates the strength of the real estate market in Turkey and the feasibility of real estate investment for those looking for golden opportunities to benefit from immovable capital abroad, ie real estate.

Reasons for rising apartment prices in Istanbul 2022

The rise in real estate in Turkey did not come out of nowhere, but there are various reasons that contributed to the increase in the prices of apartments for sale in Istanbul. We know the most important of them:

  • The great rise in demand for Turkish real estate, especially by foreigners.
  • Opening the airspace after relatively controlling the Corona pandemic and the return of investors to travel and international movement.
  • The high number of arrivals to Istanbul, especially workers and foreigners, and their great need for buying and renting.
  • The lack of real estate development in the Corona phase made good investment areas raise their prices.
  • Residents' fear of the 5.8-magnitude earthquake that occurred in Istanbul in 2019, made them look for new homes to live in.
  • The depreciation of the Turkish lira against the dollar and the euro represented a golden opportunity for foreigners who bring their money in hard currency into Turkey.

Apartment price forecasts in Istanbul 2023

During 2023, Turkey will be on a date with major political and economic events such as the presidential elections, as well as the passage of the first centenary of the founding of the Turkish Republic, where Turkey will be freed from the Lausanne Agreement, which considers the Bosphorus Strait an international corridor that is not entitled to collect fees from the movement of transport in it.

Thus, liberating Turkey from the ill-fated Lausanne Agreement will increase its economic strength at the international level, which means that real estate prices in Istanbul will rise even more.

It should be noted that the current prices constitute a golden opportunity for those wishing to buy apartments for sale in Istanbul Europ Homes Real Estate Real Estate advices its clients to seize the opportunity in time especially after many real estate projects fixing their prices in USD.

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